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This is a carousel. Use Next and Previous buttons to navigate 7 COLUMBIA, Mo. (AP) — Recreational marijuana sales in Missouri officially began Friday after the state health department unexpectedly began approving dispensary permits early. Medical marijuana has been legal in the state since a ballot measure passed in 2018, but voters went a step further this November by approving a constitutional amendment legalizing the drug for anyone 21 or older. The new law made Missouri the 21st state to allow recreational use. Under the amendment, non-medicinal pot use became legal in the state in December. But sales were stalled because the health department had until Friday to issue business licenses. Almost all of the state's medical marijuana dispensaries applied to sell recreational pot, according to Lisa Cox, spokeswoman for the Department of Health and Senior Services. Of the medical marijuana facilities that applied to … [Read more...] about Legal recreational pot sales begin for Missouri adults

MADRID (AP) — A Spanish court has ruled that Amazon broke labor laws by forcing more than 2,000 delivery drivers to use an app that the company controlled for scheduling work and payments and requiring them to use their own cars and cellphones on the job. Amazon could not treat workers using its Flex app as self-employed because the e-commerce giant's Spanish subsidiary “assumes the authority to make all decisions regarding the service, setting the conditions of execution and remuneration, and the circumstances of the day, time and duration” of labor, according to the Madrid labor court's decision released Friday. Amazon stopped using the Flex app in Spain in 2021. Friday's ruling is the result of a lawsuit brought by Spain’s social security body following a 2019 labor inspection at an Amazon facility. The government agency is seeking to recoup payments that it says Amazon should have made on behalf of the drivers. Amazon has long argued that Flex was an intermediary … [Read more...] about Spanish court: Amazon violated labor law with delivery app

SAN FRANCISO (AP) — A high-profile trial focused on a 2018 tweet about the financing for a Tesla buyout that never happened drew a surprise spectator Friday — Elon Musk, the billionaire accused of misleading investors with his usage of the Twitter service he now owns. Musk, the CEO of both Tesla and Twitter, strode into the San Francisco federal courtroom moments before closing arguments from the opposing attorney in the case were scheduled to begin and took a seat alongside his legal team. Like everyone else in the courtroom, he was wearing a mask, as required by U.S. District Judge Edward Chen, but briefly dropped it as he chuckled and whispered something to one of his lawyers. Although an August 7, 2018 tweet disclosing he had “funding secured " is the at the center of the trial, Musk wasn't required to show up for Friday's proceedings. His presence in court while he is trying to reverse huge losses at Twitter and overseeing Tesla amid stiffening competition underscores the … [Read more...] about Elon Musk surprise appearance as Tesla tweet trial wraps up

Wall Street’s rally hit a wall after a surprisingly strong jobs report fueled worries about inflation and higher interest rates. The S&P 500 fell 1% Friday, its first drop in four days, though it took an up-and-down route to get there. The bond market was more decisive in thinking the strong jobs data may push the Federal Reserve to get firmer on high interest rates, which hurt the economy and markets. Treasury yields zoomed higher. Tech stocks also weighed on the market following profit reports that were weaker than expected. On Friday: The S&P 500 fell 43.28 points, or 1%, to 4,136.48. The Dow Jones Industrial Average fell 127.93 points, or 0.4%, to 33,926.01. The Nasdaq composite fell 193.86 points, or 1.6%, to 12,006.95. The Russell 2000 index of smaller companies fell 15.69 points, or 0.8%, to 1,985.53. For the week: The S&P 500 is up 65.92 points, or 1.6%. The Dow is down 52.07 points, or 0.2%. The Nasdaq is up 385.24 points, or 3.3%. The … [Read more...] about How major US stock indexes fared Friday 2/3/2023

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Ford Motor Co., down $1.09 to $13.12. The automaker reported disappointing fourth-quarter earnings and said its costs are too high. Amazon.com Inc., down $9.52 to $103.39. The online retail giant's fourth-quarter profit slumped and missed analysts' forecasts. Alphabet Inc., down $2.96 to $104.78. Google's parent company reported weak fourth-quarter financial results amid a decline in ad spending and increased competition. Starbucks Corp., down $4.85 to $104.30. The coffee chain's fiscal first-quarter profit and revenue fell short of Wall Street forecasts. Nordstrom Inc., up $5.24 to $26.38. Activist investor Ryan Cohen has reportedly built a big stake in the department store operator. Clorox Co., up $13.77 to $154.77. The maker of bleach and other household products reported strong fiscal second-quarter financial results. Boyd Gaming Corp., up $4.34 to $66.48. The casino … [Read more...] about Ford, Starbucks fall; Clorox, Gilead Sciences rise

This is a carousel. Use Next and Previous buttons to navigate 5 Wall Street had its eyes Friday on big tech after some of the biggest companies in the world posted lackluster quarterly financial performances. That included Apple Inc. The company posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone during the holiday season. Amazon reported worse-than-expected fourth-quarter profits, but its revenue beat expectations boosted by sales in its cloud-computing unit AWS, which is also seeing a slow-down in growth. Google’s parent company Alphabet posted a lower profit and a small revenue increase for last year’s fourth quarter, as a decline in online ad spending and competition from rivals weigh on the search giant. While overall revenue grew, advertising revenue fell by nearly 4% and revenue at YouTube declined 8% year-over-year. … [Read more...] about Google, Apple, Amazon give investors reason to fret